A theatrical version of Initial D is confirmed for release in August 2014. [Official Thread]

UPDATES : Animax has confirmed that Final Stage will be available on its subscription-based VOD (Video On Demand) service starting May 16th, 2014. It will continue where Fifth Stage left off. Consist of a total of four episodes, Final Stage will be focusing on the long-awaited final 86 vs 86 battle between Takumi and Shinji. [confirmed]

UPDATES : Avex has confirmed that the New Initial D The Movie will be a trilogy. First part of the trilogy is called Legend 1 -Awakening- slated for release in theaters on August 23rd, 2014 (Japan Only) [confirmed]

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Thanks a lot for the links! Just finished watching the last act of the final stage and oh boy... That was really something.

Stay tuned for Initial D Rally Stage, as predicted by our very own Seri senpai in some thread in the Commuminity forums, where Takumi joins Subaru's WRC Team and becomes the 1st Japanese driver to ever win a WRC Championship... with a super modded BRZ with 86 misfiring systems piggy-backed unto the boxter engine's manifold love system, and a dual turbocharger and supercharger arrangement that could've only been conceived by fusing Peter Solberg's corpse into the STi Rally Car's blue paint!

There's no Blu Rays on the Japanese market for 4th Stage, only R2 DVD's Suka Bazooka dude~ I wouldn't hold my breath to be honest.

Also, I don't know how practical or viable a Blu Ray of 4th Stage would be since it was animated for small rezzy TV~ of course OB Planning could just take the master Premiere/After Effects/Cel Shader/ etc project files and re-scale everything to 1080p level, but... once an animation studio finishes production it's off to the mastering department & they forget about it. Someone that handles the BD mastering rarely has access nor the software that the studio animators have. They just upscale & chomp the aspect ratio + resolution. Thus it will probably never be released in 1080p proper fashion, since OB Planning already classified 4th Stage as history. It'd be more viable to think that 1 day they'll make some Legend movies out of Project D in 1080p, and even for that I wouldn't hold my breath. So...

They technically already released 1080p blurays of Fourth Stage.And from the few screenshots I've seen, indications are that they were pretty much just horrendous upscales - emphasis on horrendous, because they looked bad even for upscales.

Being an SD-era TV anime with all digital animation, Fourth Stage's CG probably wasn't rendered at anything higher than 540p, and it's a sure bet both the CG assets and the original high-res 2D art assets have long since been deleted to free up disk space. All that's left is an SD video master, which, unlike the film masters for Third Stage, can't just be scanned at a higher resolution. You're probably never getting a proper 1080p - or even 720p - release of Fourth Stage until someone finds some really cutting-edge multi-frame SR and patch-based upscaling tech, throws both those things at the footage, and keeps doing that in slightly different ways until acceptable results are finally reached. Hell, you'd probably still need some After Effects trickery afterwards to make it halfway convincing.